37,090 Shares in CVR Energy Inc. $CVI Bought by D.A. Davidson & CO.

D.A. Davidson & CO. bought a new position in shares of CVR Energy Inc. (NYSE:CVI) in the first quarter, HoldingsChannel.com reports. The firm bought 37,090 shares of the oil and gas company’s stock, valued at approximately $1,248,000.

A number of other hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in CVR Energy in the fourth quarter valued at $40,000. Exchange Traded Concepts LLC bought a new position in shares of CVR Energy during the fourth quarter valued at $47,000. Horizon Investments LLC acquired a new stake in shares of CVR Energy in the 4th quarter valued at $47,000. Quarry LP acquired a new stake in shares of CVR Energy in the 3rd quarter valued at $50,000. Finally, Raymond James Financial Inc. bought a new stake in shares of CVR Energy in the 2nd quarter worth about $53,000. 98.88% of the stock is currently owned by institutional investors.

CVR Energy Trading Down 1.3%

CVI stock opened at $34.92 on Thursday. The company has a market cap of $3.51 billion, a P/E ratio of -81.22 and a beta of 0.83. CVR Energy Inc. has a twelve month low of $19.62 and a twelve month high of $41.67. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 2.41. The business has a fifty day moving average of $31.34 and a 200-day moving average of $28.99.

CVR Energy (NYSE:CVI) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.70). The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.73 billion. CVR Energy had a negative net margin of 0.56% and a negative return on equity of 22.36%. CVR Energy’s revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.58) EPS. As a group, equities research analysts expect that CVR Energy Inc. will post -0.21 EPS for the current year.

CVR Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 18th. Shareholders of record on Monday, May 11th were given a dividend of $0.10 per share. The ex-dividend date was Monday, May 11th. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. CVR Energy’s dividend payout ratio is presently -93.02%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CVI shares. Weiss Ratings cut shares of CVR Energy from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Friday, May 15th. Mizuho reduced their price target on shares of CVR Energy from $35.00 to $28.00 and set an “underperform” rating on the stock in a research report on Tuesday, July 7th. Raymond James Financial raised shares of CVR Energy from an “underperform” rating to a “market perform” rating in a research note on Wednesday, March 25th. Scotiabank raised their price objective on shares of CVR Energy from $25.00 to $28.00 and gave the stock a “sector underperform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research cut shares of CVR Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Two investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CVR Energy has a consensus rating of “Strong Sell” and an average target price of $30.25.

CVR Energy Profile

CVR Energy, Inc is an independent downstream energy company engaged primarily in petroleum refining and nitrogen fertilizer production in the United States. Headquartered in Sugar Land, Texas, CVR Energy operates through two reportable segments—Petroleum Products and Nitrogen Fertilizers—leveraging its refining expertise and distribution network to serve both wholesale and retail markets across key regions in the U.S.

In its Petroleum Products segment, the company owns and operates the Coffeyville, Kansas refinery, which has the capability to process various grades of crude oil into gasoline, diesel, jet fuel and other refined products.